HF 461

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to capital improvements; appropriating money
for acquisition and betterment of nonmetro regional
parks; authorizing the issuance of state general
obligation bonds.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin APPROPRIATION.
new text end

new text begin $7,000,000 is appropriated from the bond proceeds fund to
the commissioner of natural resources for acquisition and
betterment of regional parks located outside the seven-county
metropolitan area as defined in Minnesota Statutes, section
473.121, subdivision 2.
new text end

Sec. 2. new text begin BOND SALE.
new text end

new text begin To provide the money appropriated by this act from the bond
proceeds fund, the commissioner of finance shall sell and issue
bonds of the state in an amount up to $7,000,000 in the manner,
upon the terms, and with the effect prescribed by Minnesota
Statutes, sections 16A.631 to 16A.675, and by the Minnesota
Constitution, article XI, sections 4 to 7.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day
following final enactment.
new text end